Colombia is attracting foreign investment in real estate sector in 2017, which is driving the growth and development of the industry. House prices in Colombia have increased significantly in past couple of years. House prices are significantly high in Bogota, Cali, and Medellin. Bogota and Cali are the two most desirable locations in the country for property purchases as tourism is flourishing and rental demand is increasing in these locations.Building construction industry in Santa Marta is expected to record a CAGR of 13.2% to reach US$ 370.7 million by 2021, while in volume terms, it is expected to record a CAGR of 8.0% during the same period.

• Santa Marta Market Data by Value and Volume: This report provides market size and forecast across 20+ construction segments for a period of 10 years from 2012-2021 in Santa Marta, both in value and volume terms.